Futures prices have surged significantly, prompting financial traders to actively inquire about goods and engage in arbitrage. Meanwhile, there has been a frequent influx of purchasing from essential buyers, leading to increased demand in the spot market. Suppliers in the spot market are reluctant to sell, contributing to a strong sentiment of withholding. It is expected that spot prices will primarily rise to catch up, while the futures market will remain in a state of high-level fluctuations.
